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Nifty Outlook

* After a flat opening, the nifty index slipped lower and made a low of 14296.45, but in the second half of the session, we witnessed some recovery from the bottom, and the index managed to close at 14525.70 levels with a gain of 215 points.

* All the nifty indices settled at green notes except Nifty IT & Pharma, whereas Nifty IT was the prime laggards for the day. On the stock front, M&M, BAJAJFINSERV, TATAMOTORS, MARUTI were the top gainer while TCS, DR.REDDY, TECHM, WIPRO became a loser for the day.

* On the daily chart, the index has reversed from its immediate support of 14250 levels and settled above 14500 territories.

* Moreover, an oscillator Stochastic has also pulled back from the oversold zone with positive crossover.

* At present, the index has animmediate support at 14250 levels, while on the higher side it may find resistance around 14700 levels.

Bank Nifty

* On a daily chart, While, Banknifty has closed at 31771.60 levels with a gain of more than 3% in a day.

* Moreover, an oscillator Stochastic has also pulled back from the oversold zone with positive crossover.

* At Present in the Index has support comes at 30500 level while resistance comes at 32500 level.

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